First Merchants Corporation
Financials
Valuation Metrics
First Merchants Corporation's Market Cap is $2.58B. At end of 2025 it was $2.15B. Ranked #1853 of 3,121 in US market (top 59%), #680 of 1,463 on NASDAQ (top 46%), #119 of 248 in Banks (top 48%) by Market Cap.
Investment Metrics(as of 2026-09-18)
| Metric | Value | Rank |
|---|---|---|
| Size | ||
| Market Cap | $2.58B | US#1,853/3,121 Sec#119/248 |
| Revenue | $692M | US#2,113/3,121 Sec#104/248 |
| Net Income | $186M | US#1,325/3,121 Sec#119/248 |
| Total Assets | $21.35B | US#594/3,121 Sec#104/248 |
| Net Assets | $2.70B | US#1,046/3,121 Sec#104/248 |
| Employees | 2,086 | US#1,662/3,121 Sec#97/248 |
| Value | ||
| P/E | 13.85x | US#690/3,121 Sec#159/248 |
| P/B | 0.95x | US#341/3,121 Sec#22/248 |
| P/S | 3.72x | US#1,999/3,121 Sec#137/248 |
| EV/EBITDA | 15.56x | US#1,592/3,121 Sec#159/248 |
| FCF Yield | 12.23% | US#396/3,121 Sec#46/248 |
| Profitability | ||
| ROE | 6.89% | US#1,698/3,121 Sec#215/248 |
| ROA | 0.87% | US#2,036/3,121 Sec#184/248 |
| Op. Margin | 29.83% | US#530/3,121 Sec#157/248 |
| Revenue Growth | 8.44% | US#1,437/3,121 Sec#133/248 |
| Earnings Growth | -17.61% | US#1,532/3,121 Sec#172/248 |
| Financial Health | ||
| Debt Ratio | 691.52% | US#2,522/3,121 Sec#67/248 |
| Total Debt | $1.60B | US#1,301/3,121 Sec#89/248 |
| FCF | $315M | US#1,140/3,121 Sec#88/248 |
| Cash | $616M | US#935/3,121 Sec#99/248 |
| Current Ratio | 0.24x | US#2,887/3,121 Sec#153/248 |
| Net Debt/EBITDA | 4.31x | US#1,893/3,121 Sec#163/248 |
| Dividend | ||
| Div. Yield | 3.40% | US#523/3,121 Sec#48/248 |
| Div. Growth | 1.58% | US#1,101/3,121 Sec#161/248 |
| Performance | ||
| 1Y Return | -0.22% | US#1,724/3,121 Sec#220/248 |
| 1M Return | -2.74% | US#1,784/3,121 Sec#193/248 |
| From 52W High | -9.84% | US#686/3,121 Sec#164/248 |
| 1Y MDD | -14.36% | US#288/3,121 Sec#95/248 |
| Trading | ||
| Volume | 1,352,845 shares | US#2,260/3,121 Sec#103/248 |
| Trading Value | $55M | US#2,087/3,121 Sec#111/248 |
| Per Share | ||
| EPS | $2.95 | US#1,066/3,121 Sec#137/248 |
| BPS | $42.80 | US#559/3,121 Sec#72/248 |
Company Info
First Merchants Corporation operates as a financial holding entity, primarily conducting its business through its subsidiary, First Merchants Bank. This institution delivers a full spectrum of community banking solutions. It accepts various types of deposits, including term, savings, and checking accounts. The company also extends a wide array of lending products, such as consumer, commercial, agricultural business, and real estate mortgage loans, in addition to public finance options. Beyond standard banking, First Merchants provides personal and corporate trust services, brokerage capabilities, and private wealth management. Its corporate offerings further include letters of credit, repurchase agreements, and other specialized financial services. The company maintains a network of 109 physical banking locations situated across counties in Indiana, Illinois, Ohio, and Michigan. Furthermore, it offers convenient access to its services via electronic and mobile platforms. First Merchants Corporation was established in 1893 and is headquartered in Muncie, Indiana.